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LATEST NEWS

Union Properties returns to profits with Dh62.33 million net profit in 2018

17/02/2019
Union Properties, the UAE real estate developer with a 30-year track record of delivering iconic residential developments, reported a net profit of Dh62.33 million for 2018, marking a 19 percent increase in the company’s annual income over 2017, when the company registered a loss of Dh2.37 billion. Meanwhile, shareholder equity surged by Dh452 million compared to 2017.

GCC projects market slumps 22% to Dh356 billion in 2018

17/02/2019
The value of projects awarded in the GCC last year fell by 22 percent to a new low of just $97 billion (Dh356 billion) according to the latest data from MEED Projects, the region’s leading projects tracking service

Wasl Properties leases 90% of its Wasl Crystal

14/02/2019
Wasl Properties, a subsidiary of Wasl Asset Management Group, announced the leasing of 90 percent of its units at its Wasl Crystal buildings in Al Quoz within three months. This is a testament to the facilities and consistent quality of living that was is offering tenants in the area.

Emaar Properties reports 30% increase in FY 2018 net profit to Dh7.21 billion

14/02/2019
Emaar Properties has reported a net profit of Dh7.21 billion (US$1.96 billion) in 2018, a 30 percent increase over the net profit of Dh5.56 billion (US$1.51 billion) recorded in 2017, prior to considering the effect of the IPO of Emaar Development and forex movement. Revenue in 2018 was Dh25.69 billion (US$6.99 billion), a growth of 37 percent over FY 2017 revenue of Dh18.75 billion (US$5.10 billion).

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Emaar offers 3-bedroom Expo Golf Villas for Dh999,888
With prices starting at Dh999,888 for a three-bedroom residence, a monthly payment plan over five years and the fast-growing demand for homes near the Expo 2020 Dubai site, the Al Maktoum international Airport and an 18-hole championship golf course, Emaar has launched the ‘Expo Golf Villas’ that stand to bring high potential yield for investors. Read More...
Deyaar appoints Condor Building Contracting to build Bella Rose
Deyaar Development, one of the UAE’s leading property development and real estate services companies, has appointed Condor Building Contracting as the main contractor for its recently launched residential project, Bella Rose. Read More...
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